Eurazeo’s Idinvest Partners hits $97m first close of Smart City Fund II with larger Asia focus

Julien Mialaret, operating partner at Idinvest Partners.

Eurazeo-backed Idinvest Partners has reached the 80 million euro ($96.9 million) first close of its Smart City Fund II to invest in mobility, property, energy startups in Asia and around the world.

According to Idinvest’s Singapore-based operating partner Julien Mialaret, the firm is on track to hit the 200 million euro ($242.3 million) final close of the fund by the second quarter of 2021.

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